Thailand's Macroeconomic Miracle

Thailand's Macroeconomic Miracle PDF

Author: Peter G. Warr

Publisher: World Bank Publications

Published: 1996

Total Pages: 276

ISBN-13: 9780821326541

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World Bank Discussion Paper No. 345. Focuses on financial sector reforms in the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia and provides a detailed assessment of where each country stands relative to European Union requirements for financial sector integration. The paper reviews current trends and changes in the countries' banking systems, the development of their capital markets, and the effects of changes in their legal and regulatory systems on banking supervision.

Explaining the Thai Miracle

Explaining the Thai Miracle PDF

Author: Peter G. Warr

Publisher:

Published: 1995

Total Pages: 46

ISBN-13:

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One of the Southeast Asia papers in the series of 'Economics Division Working Papers'. Subtitled 'Explaining the Thai miracle: dragons, planners and other myths', this paper sets out to explore the reasons why Thailand has managed to achieve economic growth, low inflation and moderate external debt over several decades. The evidence indicates that these achievements were not due to active economic planning, but rather to automatic stabilisers operating through the structure of the fiscal system. Includes figures, tables and references. Produced by the Economics Division of the Research School of Pacific and Asian Studies of the Australian National University, Canberra.

The Southeast Asian Economic Miracle

The Southeast Asian Economic Miracle PDF

Author: Young Kim

Publisher: Routledge

Published: 2018-04-17

Total Pages: 261

ISBN-13: 135129346X

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There is widespread agreement that the world's most successful developing countries in the 1980s were those in Southeast Asia. Following in the footsteps of postwar Japan and more recently Korea, the populations of Thailand, Malaysia, Indonesia, Singapore, Hong Kong, and the Philippines have made enormous strides in income, industrial and agricultural production, exports, education, health, nutrition, consumption, and other development indicators. This book brings together political scientists, economists, officials of Asian governments, the United States, and representatives of the multilateral banks to analyze and explain Southeast Asia's extraordinary growth. Chapters and contributors to The Southeast Asian Economic Miracle include: "Recent Developments and Future Prospects of Indonesia" by Anwar Nasution; "The Economic Experience and Prospects of Thailand" by Sukhumbhand Paribatra; "The Development of the Former Indochina States" by Frederick Brown; "Trade and Investment in Southeast Asian Development" by Stephen Parker; and "Managing Renewable Resources in Southeast Asia: The Problem of Deforestation" by Gareth Porter. Among the critical questions that the contributors address are: Is the success of the 1980s and early 1990s a permanent part of the world's economic landscape? How will this region react to the growth of China's vast productive capacity and to the faltering of Japan's economy? What will be the effect of U.S. military disengagement caused by domestic budgetary concerns and the end of the cold war? The Southeast Asian Economic Miracle is an important study of the shifting winds of the political economy of growth in our time—the movement away from a command to a free market environment. It will be an essential resource for political scientists, Asia area scholars, economists, and policymakers.

Thailand

Thailand PDF

Author: Mr. Erik Offerdal

Publisher: International Monetary Fund

Published: 1996-12-13

Total Pages: 50

ISBN-13: 145272377X

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Since the mid-1960s, Thailand's growth performance has been exceptional. Although hard hit by the external shocks fo the late 1970s and the early 1980s that proved severely destabilizing to many developing countries, Thailand showed remarkable reslience: price stability was quickly restored, and the Thai economy emerged from this period with strong recovery in growth and investment, in an environment of overall macroeconomic stability. This study examines the evolution of investment and growth and Thailand's macroeconomic and structural policies, with a view to understanding the main factors that have led to this impressive economic performance.

Southeast Asia's Misunderstood Miracle

Southeast Asia's Misunderstood Miracle PDF

Author: Jomo K.s.

Publisher: Westview Press

Published: 1997-07-31

Total Pages: 220

ISBN-13:

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Southeast Asia's Misunderstood Miracle emphasizes the contribution of government intervention, especially selective industrial policy, to growth, structural change, and late industrialization in Thailand, Malaysia, and Indonesia. Although government intervention has certainly been abused for private gain, it has also been crucial for the sustained rapid growth and structural change experienced in the region. Similarly, Southeast Asian resource wealth may have weakened the imperative to industrialize in the region, but inferior government intervention probably accounts for the relatively less impressive industrial achievements of the three countries. The study also stresses the significant contribution of regional economic dynamics, especially the increased role of direct foreign investment from Japan and the first tier, newly industrializing economies of South Korea, Taiwan, Hong Kong, and Singapore.Thus, the book qualifies, contradicts, and challenges some of the conclusions and policy recommendations of other works such as the World Bank's influential East Asian Miracle (1993), which suggested that other developing countries should seek to emulate the second tier Southeast Asian NICs rather than the first tier East Asian NIEs.

Financial Liberalization in Developing Countries

Financial Liberalization in Developing Countries PDF

Author: Abdullahi Dahir Ahmed

Publisher: Springer Science & Business Media

Published: 2009-10-03

Total Pages: 303

ISBN-13: 3790821683

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The recent global ?nancial crisis has made ?nancial liberalization a topic of great academic and practical interest. This book makes new contributions to the topic by combining fact-?nding, empirical analysis, and theory to examine the relationship between ?nancial liberalization and economic growth. Among its contributions, the book provides detailed country assessments on the effects of ?nancial liberalization, including its striking impact on the banking sector. Although an important goal of ?nancial deregulation has been to help ?nancial institutions better perform their role in intermediating resources, the book models how deregulation may fail to achieve that goal in countries with underdeveloped ?nancial markets and institutions. For that purpose, the book draws on actual experience in Kenya, Malawi, Botswana, and Thailand. This book should constitute important reading for students of ?nancial economics, researchers and general academics, ?nancial practitioners, policymakers, and teachers of economics. North Carolina, USA Steven L. Schwarcz December 2008 Stanley A. Star Professor of Law & Business, Duke University Founding Director, Duke Global Capital Markets Center Durham vii Abstract and Preface The latest global ?nancial and economic crisis of 2008 shows the need to - examine the desirability of ?nancial liberalization and the basis for the view that ?nancial deregulation by itself cannot be considered as a substitute for better economic management. The literature on ?nancial liberalization has identi?ed various mechanisms through which removing controls on interest rates may impact economic growth.

Macroeconomic Policy for Emerging Markets

Macroeconomic Policy for Emerging Markets PDF

Author: Bhanupong Nidhiprabha

Publisher: Routledge

Published: 2018-09-21

Total Pages: 254

ISBN-13: 1317238133

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Macroeconomic policies matter for sustainable long-term growth. With global fluctuations, deviation from a stable growth path can be minimized by countercyclical macro policies, if properly implemented. This book examines Thailand’s 55 years of experience in macroeconomic management and provides valuable lessons for other emerging economies at various stages of development on what could have been done to avoid economic instability. It also examines how short-term complications can develop into perennial problems obstructing the process of economic development. The book provides an alternative approach to the study of economic growth through the inclusion of both economic history and institutional context, appealing to academics and economists who focus on economic growth, economic development, international macroeconomics, public policy study, business cycles, and the open-market economy.

Sustainability of Thailand's Competitiveness

Sustainability of Thailand's Competitiveness PDF

Author: Patarapong Intarakumnerd

Publisher: Institute of Southeast Asian

Published: 2010

Total Pages: 349

ISBN-13: 9814279471

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Competitiveness of a country requires continuous upgrading and, sometimes, major transformation. Thailand is at the crossroad. It can no longer pursue a strategy based on low-cost advantages, but its capability achievements are still too low to become an advanced economy. This book points out weaknesses of Thailand's national innovation system or education and suggests how the country should develop new capabilities to survive and prosper in the globalized and fiercely competitive world. It will be useful to researchers and students who want to learn more about Thailand and emerging countries, and also to policy-makers and executives involved in economic and industrial development. Co-published with IRASEC (Research Institute on Contemporary Southeast Asia), Bangkok

Fiscal Space

Fiscal Space PDF

Author: Rathin Roy

Publisher: Routledge

Published: 2012-05-31

Total Pages: 522

ISBN-13: 113656568X

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With the deadline for achieving the 2015 Millennium Development Goals (MDGs) less than a decade away, the uneven progress is raising important questions about the ability of the international community to 'scale up' its efforts to finance the goals. Securing adequate financing for development has thus become the most pressing issue of the development agenda. This groundbreaking volume, by leading development economists and practitioners, addresses the central concern for policymakers involved in long term planning for the MDGs: how to create 'fiscal space' for the MDGs and strengthen domestic resource mobilization for human development, while ensuring long-term sustainability and freedom from reliance on aid. By looking at the evidence with fresh perspectives, the authors present a novel approach by which fiscal policy can be made to work for the poor, for the long term. Published with UNDP and Revenue Watch.